March Employment Indicators for Nonfarm Payroll


The employment surprise in context.

Figure 1: NFP (bold blue), Bloomberg consensus of 4/4 (light blue x), household series adjusted to NFP concept (green), Philadelphia Fed early benchmark (pink), aggregate weekly hours index of private production & nonsupervisory workers (tan), all in logs, 2011M11=0. Source: BLS via FRED, Philadelphia Fed, Bloomberg, and author’s calculations.



Source link

Washington Digital News

Leave a Reply